1 I.5 A Technology Based Climate Regime

The importance of technical change to reduce GHG emissions leads to explore the environmental and economic effectiveness of a new climate regime, where the goal is not to achieve some given emission reduction targets, but rather to cooperate for the development and diffusion of energy saving technologies. We propose to explore the economic and environmental benefits of this climate regime, which aims at achieving GHG emission control by enhancing cooperation on technological innovation and diffusion